Recently, things have been anything but smooth for the Swedish battery cell manufacturer Northvolt. The group under co-founder and CEO Peter Carlsson (53) lost one BMW-Contract worth 2 billion euros; manager magazine reported exclusively about it. The reasoning was serious: the quality of the cells was not yet stable enough and the delivery date had… Continue reading German Manager Magazine: Northvolt: Battery cell manufacturer in crisis restructures board003453
Tag: Contract Manufacturer
Enzymatica’s Board of Directors updates the financial targets
LUND, Sweden, July 18, 2024 /PRNewswire/ — The Board of Directors of Enzymatica AB (publ) has decided to update the company’s financial goals. The background is that the company will likely develop the company’s business model, so that in addition to being a producer of consumer products, Enzymatica will also become a supplier of enzyme formulations.… Continue reading Enzymatica’s Board of Directors updates the financial targets
Enzymatica’s Board of Directors decides on a new rights issue of approximately SEK 130 million
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, HONGKONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, BELARUS, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR INVOLVE REQUIREMENTS FOR MEASURES OTHER THAN WHAT FOLLOWS BY SWEDISH LAW. LUND, Sweden,… Continue reading Enzymatica’s Board of Directors decides on a new rights issue of approximately SEK 130 million
SOCMA Welcomes Five New Members in Q2 2024
ARLINGTON, Va., July 17, 2024 /PRNewswire/ — The Society of Chemical Manufacturers & Affiliates (SOCMA) is pleased to announce the addition of five new members in Q2 2024. “I am delighted to welcome our newest members and am proud that these companies are turning to SOCMA at pivotal moments in their business endeavors,” said Jennifer… Continue reading SOCMA Welcomes Five New Members in Q2 2024
Magna International (MGA) Slipped on Reduced 2024 Guidance
Aristotle Capital Management, LLC, an investment management company, released its “International Equity Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here. Aristotle Capital International Equity returned -0.85% gross of fees (-0.96% net of fees) in the second quarter lagging behind the MSCI EAFE Index’s -0.42% return, and the MSCI ACWI… Continue reading Magna International (MGA) Slipped on Reduced 2024 Guidance
From triumph to tumult: A brief history of Fisker
Nascent electric car maker Fisker has gone bankrupt. That’s a headline from last month – and from a decade ago – because its eponymous founder has suffered the exact same fate twice over. Danish-born Henrik Fisker landed his first design job in 1989 at BMW, where his first creation was, fittingly, the E1 EV concept. He then… Continue reading From triumph to tumult: A brief history of Fisker
Jaguar to axe I-Pace and E-Pace SUVs, leaving just F-Pace in line-up
JLR will axe all Jaguar models apart from the F-Pace ahead of the marque’s reinvention as an EV-only luxury brand. That means the E-Pace and electric I-Pace, both assembled by Magna Steyr in Austria, will now be withdrawn, following on from the Castle Bromwich-made XE, XF and F-Type, which were pulled from production in June. “They’re… Continue reading Jaguar to axe I-Pace and E-Pace SUVs, leaving just F-Pace in line-up
Magna International Price Target Lowered to US$57 at TD
Big Companies Get Boost in Tax Disputes WASHINGTON—The Supreme Court’s new limits on federal agencies’ regulatory powers are rippling through the tax system, and they are poised to tilt some disputes against the government and toward large companies. Judges or lawyers in at least five pending tax lawsuits—including cases involving FedEx and 3M —have already… Continue reading Magna International Price Target Lowered to US$57 at TD
Great week for Magna International Inc. (TSE:MG) institutional investors after losing 20% over the previous year
Key Insights Given the large stake in the stock by institutions, Magna International’s stock price might be vulnerable to their trading decisions A total of 24 investors have a majority stake in the company with 51% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Every… Continue reading Great week for Magna International Inc. (TSE:MG) institutional investors after losing 20% over the previous year
Automotive Advanced Driver Assistance System (ADAS) Sensors Market size is set to grow by USD 102.44 billion from 2024-2028, Progression toward autonomous vehicles boost the market, Technavio
NEW YORK, July 11, 2024 /PRNewswire/ — The global automotive advanced driver assistance system (ADAS) sensors market size is estimated to grow by USD 102.44 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 32.97% during the forecast period. The global automotive advanced driver assistance system (ADAS) sensors… Continue reading Automotive Advanced Driver Assistance System (ADAS) Sensors Market size is set to grow by USD 102.44 billion from 2024-2028, Progression toward autonomous vehicles boost the market, Technavio